Navios Maritime Acquisition (NNA) Reports In-Line Q1 EPS

Go back to Navios Maritime Acquisition (NNA) Reports In-Line Q1 EPS

Navios Maritime Acquisition Corporation Reports Financial Results for the First Quarter Ended March 31, 2018

May 10, 2018 7:16 AM EDT

Revenue: $46.2 million for Q1 2018$71.5 million sale and leaseback agreement for four MR2 product tankers Extended maturity to 2024 Eliminated debt maturities for the next 13 monthsSale of a VLCC for $44.5 millionOperating initiatives create ~ $35.0 million in 2018 liquidityNNA operating costs ~ 17.0% lower than listed peers for 2017Commercial and technical management fees fixed until May 2020 Returning capital to stockholders: Quarterly dividend: $0.02 per share (11.0% current yield) Stock repurchased YTD: 6,156,244 shares (4.0% of common shares)

MONACO, May 10, 2018... More